The Charles Schwab Corporation (NYSE:SCHW) registered a 1.91% increase, still its new closing price is 92.41% up from the company’s 1 year high of 41.85.It posted -0.22% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 22 stock analysts following this company have an average price target at $44.94, with individual PT in the $29.00-$49.00 range. The shares moved at $41.10, implying that brokerage firms see shares gaining about 56.53% in twelve months time.
The Charles Schwab Corporation (SCHW) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.13% rise year to date. A President – CSIM at The Charles Schwab Corporation (SCHW) offloaded shares in a transaction closed on Friday January 13, 2017. Chandoha Marie A sold 7,706 shares in the company at $41.64 each and collected $320,001 in proceeds. Chandoha Marie A now owns 3,018 shares in the company after this transaction. A President and CEO in the company, Bettinger Walter W, disclosed a transaction on Friday January 13, 2017 that ended up generating $14,171,000 from the sale of 339,426 shares at $41.75 per share.
The Charles Schwab Corporation (NYSE:SCHW) Upcoming Results on Tap
The Charles Schwab Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.40 in that period. Sales during the quarter are predicted to arrive at $2.08 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.91 billion in revenue and EPS of $0.34. The mean forecast was for $1.89 billion and $0.33 a share, respectively. One quarter earlier, revenue for the stock was at $1.83 billion, with earnings at $0.30/share.
The Charles Schwab Corporation (SCHW) Brokerage Update
The Charles Schwab Corporation (SCHW) is in SunTrust’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by SunTrust, according to news reported on Monday December 19, 2016.Another important research note was issued by Citigroup on Tuesday November 22, 2016.The firm upgraded SCHW to Buy from Neutral. Over the last six months and over the last three months, the shares of The Charles Schwab Corporation (SCHW), have changed 50.24% and 29.97%, respectively.
The Charles Schwab Corporation (NYSE:SCHW) on January 18, 2017 announced that its net income for the fourth quarter of 2016 was a record $522 million, up 4% from $503 million for the prior quarter, and up 25% from $416 million for the fourth quarter of 2015. Net income for the twelve months ended December 31, 2016 was $1.9 billion, up 31% year-over-year.